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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 391
TO
: The Secretary of Department of
Agriculture
The Chairman, Board of Investments
In order to pursue further our stated objectives of attaining self-reliance especially in our basic requirements for food, raw material and energy and of hastening rural development in order to bring about a more equitable distribution of wealth to our people; and further to attain a desirable balance in the development of the agricultural and industrial sectors of our economy, you are hereby directed to:
1)
Jointly formulate relevant and applicable
incentives specifically aimed at stimulating and accelerating the
development of the agribusiness sector. Those incentives, to be known
as Agribusiness Incentives shall be in addition to those already
provided for under the Incentives and Export Incentives and Export
Incentives Acts;
2) Jointly
prepare immediately a package of
incentives which will spur beef and carabeef production in support of
our Nation Beef and Carabeef Program;
3) Jointly
prepare annually the comprehensive
"Agribusiness Priorities Plan" (AgPP) for incorporation into the
Investments Priorities Plan and/or the Export Priorities Plan which
must be based on the existence of measured capacities for each specific
agricultural products listed and which must specify the different
incentives applicable to the agricultural as well as the industrial
aspects of food production and other agribusiness activities;
4) Jointly
establish a working group composed of
staff members in your respective departments and/or offices as well as
other relevant government agencies to engage actively in project
development and project promotion work with the end in view of
accelerating the development of desirable agricultural projects.
Done in the City of Manila, this 29th day of March, in the year of Our Lord, nineteen hundred and seventy-six.
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Since 19.07.98.
